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Thread: Learning Forex Attitude

  1. #1
    Super Moderator cool user Resolve's Avatar
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    Smile Learning Forex Attitude

    Learning Forex Attitude

    When we are doing our trades into the Forex markets we will have to Learn to do our trading with the Correct Attitude so that we are able to control as well as minimize our losses into the markets.

    What is the Correct Forex Attitude?

    The Forex Markets are not under our control so even after our best efforts we may end up into a loosing trade and then try to reduce the losses by increasing the Trading lots or doing a Reversal trade which may further increase our losses into the markets.

    This happens because you need to understand the Basic difference between trading according to your Personal Thinking and trading according to the Market Thinking.

    What is the Difference between Personal Thinking and Market Thinking?

    Forex markets are not influenced by what we think or what is our own Personal Opinion about any currency pair whether it will go Upwards or Downwards according to what we may think, will not happen most of the times so we may be caught in a wrong trade at the correct time.

    Now Forex markets have their own Market Thinking, which actually means that they have their own Momentum and have the Ability to change this Momentum at any given time.

    What to Do?

    We will have to Wait and Watch what is going on in the markets and when we get some Clear Trend Directions then we can Open the trade in the Direction of the Market Thinking




    An Example Chart of EURUSD M5 (5 Minutes) where we can see the Difference between the Personal Thinking and Market Thinking.
    Last edited by Resolve; 04-17-2022 at 10:02 PM. Reason: Updated

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    Kinglord (04-19-2022), WalletInvestor (04-25-2022), yekamay (08-03-2022)

  3. #2
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    This is a really interesting description, I havent seen market sentiment described from this point of view.

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    Resolve (04-25-2022)

  5. #3
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    Nem hiszem, hogy a Forexhez való ilyen hozzáállással lehet tanulni a Forex kereskedésről
    alázatosnak kell lenni, amikor belép a piacra.

  6. #4
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    Quote Originally Posted by yekamay View Post
    Nem hiszem, hogy a Forexhez való ilyen hozzáállással lehet tanulni a Forex kereskedésről
    alázatosnak kell lenni, amikor belép a piacra.
    I'd recommended you to only communicate in English, Admin has ordered it.

    Further, of course you said right, if one is over confident about the Forex trading then a such person would face circumstances.

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    Kornél (08-04-2022)

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    Quote Originally Posted by raulsena View Post
    I'd recommended you to only communicate in English, Admin has ordered it.

    Further, of course you said right, if one is over confident about the Forex trading then a such person would face circumstances.
    Kíváncsi vagyok, folyamatosan azt kéri-e, hogy ne írjunk többé a mi nyelvünkön, amit akkor írnunk kellene?

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    mevesow (08-04-2022), raulsena (08-04-2022)

  10. #6
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    Quote Originally Posted by Kornél View Post
    Kíváncsi vagyok, folyamatosan azt kéri-e, hogy ne írjunk többé a mi nyelvünkön, amit akkor írnunk kellene?
    I'd recommended you to only communicate in English, Admin has ordered it.

    You can continue discussion in English from last couple of weeks i am telling everyone around this. For now Euro section is not available, for any update, they will notify you.

  11. #7
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    Quote Originally Posted by raulsena View Post
    I'd recommended you to only communicate in English, Admin has ordered it.

    You can continue discussion in English from last couple of weeks i am telling everyone around this. For now Euro section is not available, for any update, they will notify you.
    azt hiszem, minél többször kéred ezt tőlünk, annál többet fogunk sztrájkolni magyarul.

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    Quote Originally Posted by Kristóf View Post
    azt hiszem, minél többször kéred ezt tőlünk, annál többet fogunk sztrájkolni magyarul.
    Sorry i do not have any second answer on this. You can wait till next update or coumminicate In English.

  13. #9
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    Learning Forex with just a attitude is something not likely to be seen in the Market you have to very serious if you want to learn trading.

  14. #10
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    You must first find or develop a trading system that matches your personality and trading style. Many traders fail because they choose a trading system that is not aligned with their belief system. For example, chances are that if you're a loner and don't like crowds, then you will not be a good trend trader where you would be required to follow the crowd of traders to make money by being with this crowd in the trend. Know yourself well enough to know what your beliefs are so that you can trade in accordance with them.

  15. #11
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    The learning attitude shows the diligence to learn the trading, if you are serious then

    learn the basic
    practice at demo
    build up a strategy
    move to real account trading
    start getting real experience.

  16. #12
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    yes you have attitude you can learn forex what a baddest advice one can pass out.. lol

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